TD Asset Management Inc. increased its position in MAG Silver Corp (NYSE:MAG) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 419,491 shares of the industrial goods maker’s stock after buying an additional 6,400 shares during the period. TD Asset Management Inc. owned approximately 0.52% of MAG Silver Corp worth $5,469,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the company. Great West Life Assurance Co. Can increased its stake in shares of MAG Silver Corp by 0.3% in the first quarter. Great West Life Assurance Co. Can now owns 399,703 shares of the industrial goods maker’s stock worth $5,231,000 after buying an additional 1,019 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of MAG Silver Corp by 50.5% in the first quarter. UBS Asset Management Americas Inc. now owns 22,359 shares of the industrial goods maker’s stock worth $292,000 after buying an additional 7,500 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of MAG Silver Corp during the first quarter worth about $242,000. Highbridge Capital Management LLC bought a new stake in shares of MAG Silver Corp during the first quarter worth about $309,000. Finally, Renaissance Technologies LLC bought a new stake in shares of MAG Silver Corp during the fourth quarter worth about $332,000.
Shares of MAG Silver Corp (NYSE:MAG) opened at 12.77 on Friday. MAG Silver Corp has a 1-year low of $9.50 and a 1-year high of $18.12. The company’s market capitalization is $1.03 billion. The firm’s 50-day moving average price is $12.95 and its 200 day moving average price is $13.27.
A number of equities research analysts recently issued reports on the company. Zacks Investment Research downgraded MAG Silver Corp from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. BMO Capital Markets raised MAG Silver Corp from a “market perform” rating to an “outperform” rating and reduced their price target for the stock from $18.00 to $9.50 in a research report on Friday, May 26th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and three have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $15.25.
MAG Silver Corp Company Profile
MAG Silver Corp. is a mineral exploration and development company. The Company is focused on the acquisition, exploration and development of projects located within the Mexican silver belt. The Company operates through the exploration of mineral properties in Mexico segment. The Company’s projects include Juanicipio Property, Cinco De Mayo Property and Guigui Property.
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